Dec 5, 2012 4:00am EST
. they're expected to sleep .1%. quite a lot to get to. president obama is speaking to the business council in washington at 10:45 eastern as he pushes for a budget plan to avoid the fiscal cliff, that includes high tax rates for the wealthy. house republicans are meeting with small business owners today. lawmakers are divided on how much they should compromise with the white house. this is a day after the house speaker john boehner unveiled a budget proposal that included some revenue concession but he faced heavy criticism. mitch mcconnell wouldn't publicly endorse boehner's plan, while jim demint says it would destroy jobs. at the same time, the kkr co-chairman and ceo henry kravis says uncertainty is the main reason why investing isn't happening right now. he says many companies are rushing to close deals before the end of the year, concerns about whether the capital gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to g
Nov 30, 2012 9:00am EST
and put businesses in a further hole. president barack obama, august, 2009. he was absolutely right then. those facts hold true today. it's not just those facts hold true over a small period of time, mr. speaker. those facts hold true over a decade. john kennedy's quotes, president john f. kennedy, i just want to take you back, mr. speaker, it's not as if these are new ideas we are talking about. this isn't some rocket science problem that's suddenly been thrust upon the united states of america in 2012. these are basic economics. adam smith talked about these years ago. this is in one of john f. kennedy's news conference in 1962 as he was providing the largest tax cut in modern american history he said this, he said it's a paradoxical truth that tax rates are too high and tax revenues are too low. that's where we are today, mr. speaker. tax rates are too high and tax revenues are too low. it's a paradoxical truth that can be true. he goes on. he says the soundest way to raise revenues, that's exactly what we are trying to do when we talk about balanced approach. we need to cut spending.
Dec 4, 2012 4:00am EST
's busiest port since a 10 day lockout by longshoremen in 2002. and this one is taking place after the busy pre-holiday shipping season. major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss f